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Knowing Your Options With Home Mortgages

Knowing Your Options With Home Mortgages

This is a discussion on Knowing Your Options With Home Mortgages within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Blog Post: Knowing Your Options With Home bMortgages/b. More... (Source: Google Blog Search) ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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11-23-2008, 02:26 PM

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Knowing Your Options With Home Mortgages

Blog Post: Knowing Your Options With Home bMortgages/b.

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(Source: Google Blog Search)

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